Completion of share capital increase

Oslo, 14 September 2017: Reference is made to the announcement on 12 September 2017 by Norwegian Energy Company ASA (“Noreco”) regarding the share capital increase in conjunction with Silje Augustson's exercise of 50 000 options under the company's employee share option scheme.

The share capital increase was registered today with the Norwegian Registry of Business Enterprises (Foretaksregisteret). Following the completion of the share capital increase, the share capital of Noreco is NOK 71,947,303.85 divided into 7,194,730 shares, each with a nominal value of NOK 10 (rounded).